Multiple Choice
A recovery phase is explained by
A) rightward shifts of the short-run aggregate supply curve in response to expansionary policies.
B) rightward shifts of the aggregate demand curve in response to expansionary policies.
C) leftward shifts of the short-run aggregate supply curve in response to higher prices.
D) leftward shifts of the aggregate demand curve in response to higher prices.
Correct Answer:
Verified
Correct Answer:
Verified
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